india has got so much gold in physical form(household+mandir etc etc) if d same couild be offloaded in international market we could see ruppee at rs 1 against dollar!!!!!!!!! but see d misery!!!!!!!
Till banks offer real rate of return on household savings/deposits to protect against inflation, Gold prices will not fall. If import duty is hiked, gray/black market becomes active.
GOVT SHOULD FIX THE LIMIT FOR GOLD HOLDING TO CONTROL GOLD IMPORT AND BRING THE PRICE DOWN....PRICE OF GOLD IS VERY HIGH BECAUSE OF MAYBE LOTS OF BLACK MONEY INVESTING IN GOLD.....GOLD PRICE OUT OF REACH OF COMMANMAN ONLY RICH CAN BUY OR THOSE WHO HAVING BLACK MONEY.